Kingdom of Saudi Arabia

United Arab Emirates is considered to be the largest Insurance market among the Gulf Co-operative Council (GCC) countries and perhaps, beyond 30 in the world ranking.  National companies dominate with more than 75% share in the non-life insurance market and the rest is shared by Foreign Companies.  However, so far as the life insurance market is concerned, the situation is almost the reverse with National companies sharing a little over 30% while the rest is shared among Foreign companies.

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NationalCarrier NameOfficial URLS&P RatingAM BestLast updated
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NationalCarrier NameOfficial URLS&P RatingAM BestLast updated
 Al Sagr Cooperative Insurance Company Al Sagr BBB Stable  January 30, 2012 
 Malath Co-operative Insurance & Reinsurance Company Malath BBB Positive  May 4, 2011 
 Mediterranean & Gulf Co-operative Insurance & Reinsurance Company Medgulf A- Stable  May 18, 2011 
 Saudi Re for Co-operative Reinsurance Company Saudi Re BBB+ Stable  October 12, 2008 
 Tawuniya/The Company for Cooperative Insurance Tawuniya A Stable  October 12, 2010 
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